A decision on BAT to be made by the end of the week

By the end of the week, it will become clear whether the international tobacco company British American Tobacco and the Austrian consulting company CB Family Office will be allowed to buy the information memorandum of Bulgartabac, announced the Agency for Privatisation and Post-Privatisation Control. On July 15, it demanded additional information from the two candidates for the tobacco holding company. The third participant – the Austrian BT Invest has fulfilled all the requirements.

The Austrian Capital Bank, part of the financial group Grawe, is behind CB Family Office. BT Invest is a representative of Russia’s VTB. British American Tobacco is one of the top tobacco companies in the world and will participate for a second time in the race for Bulgartabac. The deadline for the purchase information memoranda is July 25.

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